Deficit Balance Sample Clauses

Deficit Balance. Net Losses shall not be allocated to the Limited Partners if such allocation would, together with any decrease (and increase) of the Limited Partner's Capital Account pursuant to the provisions of the Regulations Sections 1.704-1, (5) and (6), cause or increase a deficit balance. Each Limited Partner's Capital Account adjusted as provided by this Section 6.06(a) shall be referred to as the "Adjusted Capital Account."

Deficit Balance. Except as otherwise required in the Act (and subject to the terms of this Article), no Member or Economic Interest Owner shall have any liability to restore any portion of a deficit balance in such Member’s or Economic Interest Owners Capital Account.

Deficit Balance. If any Member has a deficit balance in its Capital Account at the end of any Fiscal Year or other taxable period that is in excess of the amount that the Member is deemed to be obligated to restore pursuant to the penultimate sentence of Treasury Regulations Sections 1.704-2(g)(1) and (i)(5), that Member shall be specially allocated items of Company income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 6.2(d) shall be made only if and to the extent that such Member would have a deficit balance in its Capital Account in excess of such sum after all other allocations provided for in Section 6.1 and Section 6.2 have been made as if Section 6.2(c) and this Section 6.2(d) were not in this Agreement.

Deficit Balance. Landlord shall pay promptly any deficit balance upon receipt of the monthly statement, which reports the amount due. A service charge of 1.5% per month shall be added to balances not brought current by the 15th of the following month in which the deficit balance is reported to Landlord. Landlord agrees to report any error or discrepancy in writing within thirty (30) days of receipt of monthly statement. Failure to report any such error within thirty

Deficit Balance. Deficit Net Balances will not be carried forward into the subsequent Contract Years.

Deficit Balance. Except as otherwise expressly provided herein, no Partner has any obligation to restore a deficit balance in such Partner’s Capital Account or to make any contributions to the Partnership in order to restore such deficit balance. No Partner shall be paid interest on any Capital Contribution.

Deficit Balance. Except as otherwise required in the Law (and --------------- subject to the terms of this Article), no Member shall have any liability to restore all or any portion of a deficit balance in such Member's Capital Account.

Deficit Balance. Solely for the purposes of this Section 4.3, there will be excluded from a Partner's deficit balance in its Capital Account any amount the Partner is then obligated to restore or treated under Treas. Reg. Section 1. 704-1(b) or Temporary Regulations thereunder as obligated to restore to its Capital Account, including, without limitation, the Partner's share of Minimum Gain.